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Post by ask2lern on Oct 22, 2010 6:23:51 GMT -5
Morning Gang!! Here are the pivots……….…hope everyone has a great day …………………GLTA
XLF
R3 15.21 R2 14.92 R1 14.76
PP 14.63
S1 14.47 S2 14.34 S3 14.05
SPY
R3 121.90 R2 120.02 R1 119.08
PP 118.14
S1 117.20 S2 116.26 S3 114.38
GOLD
R4 1422.63 midpoint 1407.28 R3 1391.93 midpoint 1376.58 R2 1361.23 Midpoint 1352.60 R1 1343.97 midpoint 1337.25
PP 1330.53
midpoint 1321.90 S1 1313.27 midpoint 1306.55 S2 1299.83 midpoint 1284.48 S3 1269.13 midpoint 1253.78 S4 1238.43
SILVER
R4 26.39 midpoint 25.89 R3 25.40 midpoint 24.90 R2 24.41 midpoint 24.10 R1 23.79 midpoint 23.61
PP 23.42
midpoint 23.11 S1 22.80 midpoint 22.62 S2 22.43 midpoint 21.93 S3 21.44 midpoint 20.94 S4 20.45
IMW
R3 74.23 R2 72.10 R1 70.99
PP 69.97
S1 68.86 S2 67.84 S3 65.71
TNA
R4 66.15 midpoint 63.80 R3 61.45 midpoint 59.10 R2 56.75 midpoint 55.52 R1 54.29 midpoint 53.17
PP 52.05
midpoint 50.82 S1 49.59 midpoint 48.47 S2 47.35 midpoint 45.00 S3 42.65 midpoint 40.30 S4 37.95
TZA
R4 29.16 Midpoint 28.13 R3 27.10 midpoint 26.07 R2 25.04 midpoint 24.55 R1 24.06 midpoint 23.52
PP 22.98
midpoint 22.49 S1 22.00 midpoint 21.46 S2 20.92 midpoint 19.89 S3 18.86 midpoint 17.83 S4 16.80
SDS
R3 29.27 R2 28.39 R1 27.95
PP 27.51
S1 27.07 S2 26.85 S3 26.19
………………………..GLTA
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Post by ask2lern on Oct 22, 2010 6:25:24 GMT -5
From www.optionmonster.com ....................................GLTA Russell 2000 closes below support October 22, 2010 Fri 1:14 AM CT The indexes barely budged from their previous levels, finishing mixed. The Russell 2000 was the only index to close below support, but only barely. Nonetheless, it does get a new support level for today. Yesterday's move did break the 10-day moving average for the Russell on a closing basis. The S&P 500 gets a refresh on support to update its 10-day moving average. Nasdaq 100 (NDX) First support is at 2078.63. First resistance is at 2097.73. For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $51.04. First resistance is at $51.50. S&P 500 (SPX) First support is at 1173.74, the 10-day moving average. First resistance is at 1185.53. For the Standard & Poor's Depository Receipts (SPY) first support is at $117.43, the 10-day moving average. First resistance is at $118.67. Russell 2000 (RUT) First support is at 690.11. First resistance is at 710.64. For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $68.95. First resistance is at $71.14. By: Bryan McCormick
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Post by ask2lern on Oct 22, 2010 7:21:55 GMT -5
Some stuff from stocktwits...........................GLTA TradingTheOdds New blog post: (Negative) Outlook for Friday, October 22, 2010 URL: bit.ly/cw7Veg TradingTheOdds w/ $SPY posting a higher high and higher low, up >+0.75% at end of 1st hour, but down at start of last hour, and closing below midpoint...$$ Oct. 22 at 12:32 AM TradingTheOdds ... $SPY closed lower next day on 10 out of 11 occurrences since 1990. $$ Oct. 22 at 12:33 AM ukarlewitz Caldaro: The $SPX count suggests a pullback to at least 1160 again, and possibly the OEW 1146 pivot, in the coming days. $SPY Oct. 21 at 9:20 PM
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Post by clearwaters on Oct 22, 2010 7:59:17 GMT -5
Thanks for getting this started, Ask. Is Kryptos OK?
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Post by abdogman on Oct 22, 2010 8:15:58 GMT -5
Good Morning Gang.....Ask thx for the start and the nmbrs and info ..... Mornin' Clear!
back for the open
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Post by abdogman on Oct 22, 2010 8:33:42 GMT -5
xlf 14.62 on 1m
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Post by deadmoney95 on Oct 22, 2010 8:35:47 GMT -5
Morning all.
Carl F:
$ES_F today's range estimate is 1174-1189. The ES is on its way to 1216 and above.
Caldaro:
The market gapped up Thursday morning and ran right up to the OEW 1187 pivot for the third time in the past two weeks. This rally established a new uptrend high, but the SPX was turned away again at this pivot. We added an alternate hourly count on the DOW charts this AM, suggesting that this rally could be Minor wave 5 of Intermediate wave three. The count we are following on the SPX hourly chart is the most obvious and is suggesting that this rally is a B wave of Intermediate wave four. The rally, thus far, looks like three waves and this would fit the B wave scenario. Both counts suggest a pullback of some degree is next. The SPX count suggests a pullback to at least 1160 again, and possibly the OEW 1146 pivot, in the coming days. One thing to keep in mind, however, we’re in a medium term uptrend. Best to your trading!
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Post by abdogman on Oct 22, 2010 8:37:57 GMT -5
xlf 14.64 on 1m macd pos on 1m xlf fas
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Post by abdogman on Oct 22, 2010 8:41:48 GMT -5
BB's spreading on 1m xlf fas faz xlf fas on top BB on 1`m xlf 14.68 on 1m
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Post by ccash04 on Oct 22, 2010 8:44:11 GMT -5
Front run the POMO then sell it at 11
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Post by abdogman on Oct 22, 2010 8:49:42 GMT -5
macd neg now on 1m xlf fas xlf 14.65 on 1m BB's narrowing on 1m xlf fas faz
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Post by abdogman on Oct 22, 2010 8:54:47 GMT -5
xlf 14.63 on 1m
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Post by abdogman on Oct 22, 2010 8:59:23 GMT -5
xlf 14.62 on 1m
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Post by abdogman on Oct 22, 2010 9:10:08 GMT -5
macd waffling around 0/0 on 1m xlf fas faz xlf 14.635 on 1m
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Post by ask2lern on Oct 22, 2010 9:21:21 GMT -5
I have SPY 118.27 as the # we need a close above on 5 min and then up ....................GLTA SPY 118.01 is my current support #.........................GL
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Post by jack on Oct 22, 2010 9:22:31 GMT -5
Soooo...somebody tell me WHEN this POMO bullsh_t thing is/was supposed to kick in???
(I fergot to add "lol" )
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Post by ask2lern on Oct 22, 2010 9:25:33 GMT -5
SPY PP 118.14 seems to be defending well so far...................GL
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Post by ask2lern on Oct 22, 2010 9:26:34 GMT -5
;D Soooo...somebody tell me WHEN this POMO bullsh_t thing is/was supposed to kick in??? As soon as any real sellers show up.................... ;D
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Post by abdogman on Oct 22, 2010 9:28:38 GMT -5
sideways 14.62 sideways 14.62 on 1m xlf
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Post by ask2lern on Oct 22, 2010 9:31:52 GMT -5
I have SPY 118.27 as the # we need a close above on 5 min and then up ....................GLTA SPY 118.01 is my current support #.........................GL Ok now 118.27 S and R 118.53 on my stuff .............................GLTA
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Post by abdogman on Oct 22, 2010 9:33:55 GMT -5
macd + last 8-9 m's on 1m xlf fas xlf 14.64 on 1m
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Post by abdogman on Oct 22, 2010 9:59:34 GMT -5
Gang......I've got people working on here today....going to check on them and do dogs and lunch etc now..... GLTA.....back appx 1415EDT
xlf 14.63 on 1m
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Post by deadmoney95 on Oct 22, 2010 10:07:37 GMT -5
ukarlewitz First 90' breadth is running about 1.5:1 advance to decline on both $NQ and $NYSE. Only one tick >1000 and zero ticks < -900. Coiling. $SPY
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Post by brosin on Oct 22, 2010 10:09:41 GMT -5
Thanks DM - I wish UK would post here ...
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Post by ask2lern on Oct 22, 2010 10:12:47 GMT -5
From Stocktwits.....................GL
ukarlewitz First 90' breadth is running about 1.5:1 advance to decline on both $NQ and $NYSE. Only one tick >1000 and zero ticks < -900. Coiling. $SPY Oct. 22 at 10:04 AM
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Post by deadmoney95 on Oct 22, 2010 10:23:36 GMT -5
Thanks DM - I wish UK would post here ... me too. he's gone big time, sadly. dozens of twitter followers.
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Post by deadmoney95 on Oct 22, 2010 10:25:51 GMT -5
Carl F update: 2.bp.blogspot.com/_sL6ril9lDkw/TMGQh0WPLWI/AAAAAAAACbY/m76lSHOpakk/s1600/101022+920+am.jpgHere is an hourly bar chart showing 24 hour trading in the e-minis. I think the market is in the process of breaking out from its 1155-1182 trading range to the upside. There were three tops in the 1180-82 zone and the first peek above that zone yesterday attracted sellers who pushed the market back down to 1167. I think the market is headed back up today and within a day or two should reach the 1200 level (green oval). That level is at the top of the trend channel I have drawn. Note also that the move up from 1155 on Tuesday to 1186 yesterday was 31 points (first blue rectangle). A 31 point rally from yesterday's low at 1167 would carry the ES to 1198 (second blue rectangle). Once the 1198-1200 target zone is reached I think a reaction back down to the support at those three tops (green dash line) will become likely. But once the reaction is complete the market should embark on its breakout move to over the April top at 1216.
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Post by brosin on Oct 22, 2010 10:26:32 GMT -5
Thanks DM - I wish UK would post here ... me too. he's gone big time, sadly. dozens of twitter followers. he was a mod here too... ah well
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Post by ask2lern on Oct 22, 2010 10:27:02 GMT -5
more from stocktwits.........................GL
ukarlewitz $VIX - Vix has closed lower than the open 8 of last 10; and 12 of last 15. Oct. 22 at 9:56 AMLike More Options ukarlewitz $VIX - there have been 5 closes in the last 8 days within .10 of 19.0. The lowest close was 18.93. Last 19.06 Oct. 22 at 9:53 AM
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Post by deadmoney95 on Oct 22, 2010 10:29:29 GMT -5
Time to get very cautious when Carl F gets this excited.
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